Question
You want to buy a new car. The bank offers you a loan for $30,000 at a 3% interest rate. You are willing to pay
You want to buy a new car. The bank offers you a loan for $30,000 at a 3% interest rate. You are willing to pay $4,500 in interest over the life of the loan.
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Get StartedRecommended Textbook for
Bank Management
Authors: Timothy W. Koch, S. Scott MacDonald
8th edition
978-1133494683
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